Germany says it 'will not give in' as Trump announces 25% car tariffs
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I feel like Trump’s entire point to this is literally to make the US more isolated and self-sufficient. While I get the point of the latter, this whole charade is making it very clear that the US should NEVER be trusted going forward. If such sweeping changes can be made by one deranged man’s pen, every 4 years the US could instantly change all posture and break every agreement on a whim. The US multi-tiered “checks and balances” do not work and no one will know what the US will do, near term or long term. This sends a clear message of “don’t do any deals with us”. Stability is NOT the US way in the slightest.
Trump's entire goal, and I cannot stress this enough, is power.
If Trump believes that making allies and negotiating trade deals would make him powerful to his base, he absolutely would. This guy is using the military, tariffs, and executive orders as a flex. He doesn't care about the economy. He only cares that his power is unchallenged.
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Honestly, I don’t think most people in the U.S. who buy German cars are worried about the price. I have a used 2018 Audi and I love it — it has buttons and knobs instead of a touchscreen and is really fun to drive — but if anything goes wrong, it’s like a thousand dollars to fix. It’s a PHEV and I have solar panels so I basically never have to buy gas. And I got it during the pandemic when the used car prices went insane. I traded in a dented Toyota for more than I bought it for and ended up with an Audi A3 e-tron sportback.
But I’m the exception. I would think 99% of new Mercedes, BMW, Audi, etc. buyers in the US are buying a luxury car and 25% percent is not going to dissuade them.
It’s going to hit GM and Ford who are set up to build cars in Canada and USA. The cars they make in US rely on a global supply chain. It’s going to fuck every carmaker in the US market. Hyundais and Chevys are going to go up in price 30% overnight with the metal tariffs on top of all that.
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US is so incredibly short sighted. Everyone is competing for the few viable, demographically supported consumption markets. After global retaliation, US goods world wide will no longer be competitive. China, Europe, S.Korea and Japan will happily replace the US market share. He should have stuck to painting his balls orange and eating crayons.
This is exactly right... Even if Trump declares it was all a joke and now we can go back to "normal"... everybody (except MAGA level idiots I suppose) will know there are no guarantees with the USA and their word is worth less than rat poop
EVERY deal with the USA in the future will have that priced in
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Summary
Germany vows not to "give in" as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers' shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
Tariffs=corruption. This is just one more grift for Trump et al. One more way for Trump to funnel money into his coffers.
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Summary
Germany vows not to "give in" as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers' shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
US vehicle manufacturers will just put up their prices by 24%.
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Summary
Germany vows not to "give in" as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers' shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
German cars are better anyway. I doubt they'll be upset by this shocking development.
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Rheinmetall
To make self driving bombs?
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This is exactly right... Even if Trump declares it was all a joke and now we can go back to "normal"... everybody (except MAGA level idiots I suppose) will know there are no guarantees with the USA and their word is worth less than rat poop
EVERY deal with the USA in the future will have that priced in
The word of the USA isn't worth anything now. We can't trust the USA to do the right thing.
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Some other German brand then? BMW? Mercedes?
Wartburg
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US vehicle manufacturers will just put up their prices by 24%.
This is definitely what’s going to happen. They also will never come back down.
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This is exactly right... Even if Trump declares it was all a joke and now we can go back to "normal"... everybody (except MAGA level idiots I suppose) will know there are no guarantees with the USA and their word is worth less than rat poop
EVERY deal with the USA in the future will have that priced in
except MAGA level idiots
Crys in being British and missing out on the resurgance of European unity because our PM prefers to felate Trump.
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I don't even now what Trump is wanting us to "give in" on, or if he has anything in particular that he wants. Isn't his position basically that the tariffs are good for the US purely in their own right, and exist for their own sake? He thinks that by doing this it'll magically revive the domestic car manufacturing industry and then they'll have tons of cars and money and everyone else will think he has giant hands.
He's just a snake oil salesman looking to cause a problem to sell the solution. Just the usual conman shit, but at a national level.
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US is so incredibly short sighted. Everyone is competing for the few viable, demographically supported consumption markets. After global retaliation, US goods world wide will no longer be competitive. China, Europe, S.Korea and Japan will happily replace the US market share. He should have stuck to painting his balls orange and eating crayons.
The US auto market is already no longer competitive. This is just the nail in the coffin.
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US is so incredibly short sighted. Everyone is competing for the few viable, demographically supported consumption markets. After global retaliation, US goods world wide will no longer be competitive. China, Europe, S.Korea and Japan will happily replace the US market share. He should have stuck to painting his balls orange and eating crayons.
I believe China and India are going to benefit from Trump's tariff. China will continue penetrating foreign markets with cheaper EVs while USA, Japanese and Korean brands will lose global marketshare.
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Summary
Germany vows not to "give in" as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers' shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
Like rich people are going to drive a Ford, Chevy , GM, or a Hyundai.
They'll pay any extra because these tariffs will only serve to pump up their executive pay more than what the tariffs will cost as they get tax cuts and gouge the rest of us using tariffs as the excuse.
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I believe China and India are going to benefit from Trump's tariff. China will continue penetrating foreign markets with cheaper EVs while USA, Japanese and Korean brands will lose global marketshare.
Good point, China alone can get India driving in EV's
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One nagging thought Is that if US can't have dominance by alliance, market control or coercion it will try to create dependence through war. If the world is at war, it knocks all directly involved parties way down the economic ladder, needing financial and industrial support from the US. Removes competition, creates highly indebted dependants , not unlike WW2. Speaking to some old timers , it's clear that whenever the US economy falters they export war. Why would this be any different.
Perhaps what we're seeing with abandoning Europe to deal with Russia is a setup for EU to get economically degraded again. But if US is really trying to corner China as they say, leaving Europe vulnerable is counter productive as China will benefit. -
Summary
Germany vows not to "give in" as Donald Trump imposes a 25% tariff on imported cars, effective April 2, with parts tariffs starting in May.
France, Canada, China, and Japan criticize the move, warning of economic harm and trade disruptions. European leaders call for retaliatory tariffs to maintain a balanced trade field.
Automakers' shares, including General Motors and Ford, dropped significantly.
Trump argues tariffs will boost US manufacturing, while critics claim they will increase consumer prices and hurt global economic ties.
is america great again yet?
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He's just a snake oil salesman looking to cause a problem to sell the solution. Just the usual conman shit, but at a national level.
AND endorsed by the public, at least some of them.
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And they'll still have a devil of a time selling them
They couldn’t give me a Tesla.
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The tariff applies to all imports, including budget options from Japan and Korea. It's not just about luxury vehicles, and I have a feeling it's meant partly to reduce competition for Tesla.
I have a feeling it's meant partly to reduce competition for Tesla.
Trump turning the White House lawn into a Tesla dealership to help their declining sales should have been a clue for what was to come.
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